Asia-Pacific News


  • BHP Begins Hunt For New Chief Tuesday, 6 Nov 2012 | 7:40 PM ET

    BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability. The FT reports.

  • Local leaders were all smiles this summer at a groundbreaking ceremony for a vast copper smelting project that seemed like the answer to the chronic unemployment that has plagued this city in northern Sichuan ever since a devastating earthquake in 2008. The NYT reports.

  • As Silver Economy Booms, Retirement Homes Spring Up Tuesday, 6 Nov 2012 | 2:11 PM ET

    The elderly from Mumbai to Shanghai are adapting to a life on their own fueling a demand for retirement homes.

  • A Suzuki Splash car sits on dislay at the Paris Motor Show on September 28, 2012 in Paris, France.

    Suzuki, which has struggled for years to be a player has filed for Chapter 11 bankruptcy and will no longer sell cars in the U.S. The move says as much about America's shrinking auto market as it does about Suzuki.

  • CNBC's Kelly Evans reports on all the market moving events from Europe, as U.S. voters head to the polls to elect the next President.

  • The ratings firm cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Fed would hurt the U.S. economy and the country's credit quality.

  • An Obama re-election will only fuel corporate America’s fears as it holds back on investing in the country amid a stalemate over the “fiscal cliff” and lack of clarity over tax rates, billionaire investor Wilbur Ross told CNBC.

  • Title of Hong Kong’s Favorite Brand Goes to… Monday, 5 Nov 2012 | 10:31 PM ET

    Hong Kong may be synonymous with designer boutiques and luxury retail outlets, with names such as Louis Vuitton and Prada crowding the city, but local consumers appear to be far less image conscious, if their favorite brands are any indication.

  • Is Risk ‘Back On’ Once This Week Is Over? Monday, 5 Nov 2012 | 9:56 PM ET

    There appears to be a perception in markets that once this week’s key political events in the U.S. and China are over, uncertainty will be lifted and investors can get back to the ‘risk on’ trading environment that has prevailed in recent months. Don’t bet on it, strategists say.

  • True Agenda of China’s New Leader Still a Mystery Monday, 5 Nov 2012 | 9:32 PM ET

    Five years ago, Xi Jinping, the man expected to shortly become one of the two most powerful men in China, was having dinner with the U.S. ambassador to Beijing, when he brought up his love of Hollywood movies. In particular, he expressed a great admiration of Steven Spielberg’s World War II epic “Saving Private Ryan.”

  • China’s New Leaders—the Lineup Monday, 5 Nov 2012 | 9:32 PM ET

    Here is a run-down of the main figures in China's Communist Party as the country names the "Fifth Generation" of leaders to the helm of the world’s second largest economy.

  • CNBC's Kelly Evans reports on all the market moving events from Europe, as investors remain cautious ahead of Tuesday's U.S. presidential election.

  • Here's How to Trade the Huge Week in Global Politics Monday, 5 Nov 2012 | 12:42 AM ET

    Political events this week in the world’s two biggest economies may have had investors sitting on the sidelines, but strategists say it's not time to be overly cautious, rather, investors should resume some risk and buy equities.

  • Thai Acquisition Puts Prudential in ‘Sweet Spot’ Sunday, 4 Nov 2012 | 11:43 PM ET

    Prudential’s acquisition of Thailand's Thanachart Life Assurance, a subsidiary of Thanachart Bank, marks a crucial step in the British insurer’s expansion in Southeast Asia -- a region Group Chief Executive Tidjane Thiam refers to as the company’s “sweet spot”.

  • Motorists fumed in long lines at gas stations around the New York area and screamed at each other Friday as fuel shortages hindered the region's efforts to recover from Super Storm Sandy. But in a move toward normalcy, Atlantic City's casinos were allowed to reopen.

  • Global Markets Update: European Shares Flat     Friday, 2 Nov 2012 | 6:16 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, as uncertainty over Spain and Greece returned.

  • Obama or Romney? Here's How Asia Markets Will Vote Friday, 2 Nov 2012 | 4:45 AM ET
    Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during the American Legion 94th National Convention on August 29, 2012 in Indianapolis, Indiana. Romney is scheduled to accept his party's nomination on August 30.

    While investment strategists in the U.S. view a Republican victory as positive for the stock market given their presidential candidate Mitt Romney’s pro-business policies, market players in Asia believe a win for the former Massachusetts Governor would in fact be negative for equities on their side of the world.

  • Can Apple Afford to Ignore Emerging Markets? Friday, 2 Nov 2012 | 4:25 AM ET

    From India and Indonesia to Brazil, the cost of an iPhone is often double or triple, the price in developed countries, due mostly to a lack of availability and subsidies from mobile network operators.

  • The recent slew of manufacturing data suggest Asian economies are on the path to recovery after a year of slowing growth, but economists warn it might be too early for celebration.

  • The U.S. jobs market is in focus with monthly payrolls data out later Friday and the one thing that could provide a big boost to job creation - that has stayed weak in recent months - is a signal that the “fiscal cliff” will be avoided, economists told CNBC.

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